Research Analysts Issue Forecasts for HireQuest Q4 Earnings

HireQuest, Inc. (NASDAQ:HQI) – Barrington Research lifted their Q4 2024 earnings per share estimates for shares of HireQuest in a report issued on Friday, November 15th. Barrington Research analyst K. Steinke now anticipates that the company will post earnings per share of $0.17 for the quarter, up from their previous forecast of $0.16. Barrington Research has a “Outperform” rating and a $18.00 price objective on the stock. The consensus estimate for HireQuest’s current full-year earnings is $0.59 per share. Barrington Research also issued estimates for HireQuest’s FY2025 earnings at $0.83 EPS.

Separately, DA Davidson reiterated a “buy” rating and set a $19.00 target price on shares of HireQuest in a report on Friday, August 9th.

HireQuest Trading Down 0.4 %

Shares of HireQuest stock opened at $14.30 on Monday. The stock’s fifty day moving average price is $13.99 and its 200-day moving average price is $13.31. The firm has a market cap of $200.20 million, a P/E ratio of 130.00 and a beta of 1.02. HireQuest has a 12 month low of $11.39 and a 12 month high of $17.31.

HireQuest Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 2nd will be issued a dividend of $0.06 per share. The ex-dividend date of this dividend is Monday, December 2nd. This represents a $0.24 dividend on an annualized basis and a yield of 1.68%. HireQuest’s dividend payout ratio is currently 218.18%.

Institutional Investors Weigh In On HireQuest

A number of hedge funds have recently made changes to their positions in HQI. Barclays PLC lifted its position in HireQuest by 288.2% during the third quarter. Barclays PLC now owns 7,837 shares of the company’s stock valued at $110,000 after acquiring an additional 5,818 shares during the last quarter. Concurrent Investment Advisors LLC purchased a new stake in shares of HireQuest during the 3rd quarter valued at $147,000. Charles Schwab Investment Management Inc. boosted its position in shares of HireQuest by 16.1% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 16,229 shares of the company’s stock worth $230,000 after purchasing an additional 2,256 shares in the last quarter. Bank of New York Mellon Corp grew its stake in HireQuest by 0.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 90,113 shares of the company’s stock worth $1,113,000 after buying an additional 772 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in HireQuest by 4.0% during the 3rd quarter. Geode Capital Management LLC now owns 131,394 shares of the company’s stock worth $1,861,000 after buying an additional 5,007 shares during the last quarter. 12.00% of the stock is currently owned by hedge funds and other institutional investors.

HireQuest Company Profile

HireQuest, Inc provides temporary staffing services in the United States. It offers staffing services, including direct-dispatch, executive search, consultant, unskilled and semi-skilled industrial and construction personnel, clerical and administrative personnel, and permanent placement services, as well as commercial and non-CDL drivers, and skilled personnel in the medical and dental industries.